Cost of Living in Paxton, NE
Housing
The housing market plays a significant role in determining the cost of living in Paxton, NE.
- Housing Index: 89.7 / 100
- Median Home Price is: $104,000
- Average Rent (2 BR Apartment): $1313 per month
- Average Rent (2 BR House): $1427 per month
Considering a move to Paxton, NE? The housing index is at 89.7, indicating an affordable market. With the median home price currently at 104000, purchasing a property could be a financially savvy decision. However, the availability of rental options, shown with the average rent for a 2BR apartment at 1313 and for a 2BR house at 1427, highlights limited choices, suggesting a shift toward homeownership might be more appealing. Keep in mind, smaller towns often offer a strong sense of community alongside affordability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Paxton, NE.
- Electricity Price: $12.92 USD (median by state)
- Natural Gas Price: $13.89 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $221 per month
Living in Paxton, NE could entail higher utility costs. Electricity costs sit at $12.92, while natural gas is priced at $13.89 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $221 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Paxton is a financially viable option for your relocation.